I.I.C EXPRESS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
I.I.C EXPRESS
Largest movements
- Cash -€5,531
down €5,531 (-24.3%), from €22,807 to €17,276
mainly Trade debts (-€24,693) and Tax, wage and social debts (-€15,956)
- Tangible fixed assets +€1,922
up €1,922 (+16.5%), from €11,631 to €13,552
- Profit (loss) carried forward +€28,124
up €28,124 (+75.2%), from €37,378 to €65,502
- Trade debts -€24,693
down €24,693 (-36.2%), from €68,164 to €43,471
- Tax, wage and social debts -€15,956
down €15,956 (-29.2%), from €54,630 to €38,674
of which Remuneration and social security: -€17,202
- Other debts +€9,843
up €9,843 (+206%), from €4,784 to €14,628
- Gross operating margin +€48,056
up €48,056 (+52.3%), from €91,956 to €140,012
- Staff costs +€29,845
up €29,845 (+46.5%), from €64,148 to €93,993
- Taxes +€3,963
up €3,963 (+228%), from €1,738 to €5,701
- Financial income -€3,683
down €3,683 (-93.6%), from €3,934 to €250
of which Financial income: -€3,932
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €169,658 | €167,402 | -€2,256 | -1.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €11,631 | €13,552 | +€1,922 | +16.5% |
| Tangible fixed assets | 22/27 | €11,631 | €13,552 | +€1,922 | +16.5% |
| Furniture and vehicles | 24 | €11,631 | €13,552 | +€1,922 | +16.5% |
| Current assets | 29/58 | €158,027 | €153,849 | -€4,178 | -2.6% |
| Amounts receivable within one year | 40/41 | €135,219 | €136,573 | +€1,354 | +1.0% |
| Trade receivables | 40 | €135,020 | €136,573 | +€1,553 | +1.2% |
| Other amounts receivable | 41 | €199 | - | -€199 | |
| Cash at bank and in hand | 54/58 | €22,807 | €17,276 | -€5,531 | -24.3% |
| Total equity and liabilities | 10/49 | €169,658 | €167,402 | -€2,256 | -1.3% |
| Equity | 10/15 | €42,078 | €70,202 | +€28,124 | +66.8% |
| Contributions | 10/11 | €4,700 | €4,700 | = | 0.0% |
| Contributions outside capital | 11 | €4,700 | €4,700 | = | 0.0% |
| Other | 1109/19 | €4,700 | €4,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,378 | €65,502 | +€28,124 | +75.2% |
| Amounts payable | 17/49 | €127,579 | €97,200 | -€30,380 | -23.8% |
| Amounts payable within one year | 42/48 | €127,579 | €96,773 | -€30,806 | -24.1% |
| Trade debts | 44 | €68,164 | €43,471 | -€24,693 | -36.2% |
| Suppliers | 440/4 | €68,164 | €43,471 | -€24,693 | -36.2% |
| Taxes, remuneration and social security | 45 | €54,630 | €38,674 | -€15,956 | -29.2% |
| Taxes | 450/3 | €13,156 | €14,401 | +€1,246 | +9.5% |
| Remuneration and social security | 454/9 | €41,475 | €24,273 | -€17,202 | -41.5% |
| Other amounts payable | 47/48 | €4,784 | €14,628 | +€9,843 | +206% |
| Accrued charges and deferred income | 492/3 | - | €427 | +€427 | |
| Remuneration, social security and pensions | 62 | €64,148 | €93,993 | +€29,845 | +46.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,830 | €9,102 | +€1,272 | +16.2% |
| Other operating charges | 640/8 | €2,095 | €2,454 | +€358 | +17.1% |
| Gross operating margin | 9900 | €91,956 | €140,012 | +€48,056 | +52.3% |
| Operating profit (loss) | 9901 | €17,882 | €34,463 | +€16,580 | +92.7% |
| Financial income | 75/76B | €3,934 | €250 | -€3,683 | -93.6% |
| Recurring financial income | 75 | €3,934 | €2 | -€3,932 | -100.0% |
| Non-recurring financial income | 76B | €3,934 | €248 | -€3,685 | -93.7% |
| Financial charges | 65/66B | €453 | €888 | +€435 | +96.0% |
| Recurring financial charges | 65 | €453 | €888 | +€435 | +96.0% |
| Profit (loss) for the period before taxes | 9903 | €21,363 | €33,825 | +€12,462 | +58.3% |
| Income taxes | 67/77 | €1,738 | €5,701 | +€3,963 | +228% |
| Profit (loss) for the period | 9904 | €19,625 | €28,124 | +€8,499 | +43.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,625 | €28,124 | +€8,499 | +43.3% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.